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#2026年比特币行情展望 $JOE $PEPE $DOGE
Employment Data in Jeopardy: Unemployment Rate Rises from 4% to 4.6%, Highest in a Year
The most painful part isn't inflation—true risks are hidden in the labor market. Tariff wars have already cut over 70,000 factory jobs, and corporate hiring is nearly frozen. Economist Rosenberg bluntly states: The labor market is shrinking, and that is the black swan.
On the surface, GDP is still holding up, but consumer spending has already deteriorated. Savings rate collapses, income stagnates, retail consumption growth is only 0.2%, and spending on non-essential goods is declining across the board. The K-shaped divide is becoming more apparent—the gap between the wealthy and the ordinary is widening.
The rate cut battle is about to begin
Wall Street now only dares to predict a 50 basis point cut, but Rosenberg insists: The Federal Reserve needs to aggressively cut rates by 125 basis points, bringing the rate below 2.25%. The two camps are at odds—one fears inflation rebound, the other urges to rescue the market quickly.
This week is a critical window
From Monday to Wednesday, watch the US-China PMI showdown; Friday is the big day—China's CPI/PPI versus US Non-Farm Payrolls. Whether there will be a rate cut in January will become clear this week.
Will there be a soft landing in 2026? It all depends on whether employment can stabilize. If unemployment continues to rise, global financial markets may face a wave of systemic shocks.